Gasoline Prices Expected To Slowly Drop Across The Delaware Valley

PHILADELPHIA (CBS) – For the sixth consecutive week, gas prices at the pump went up. The national average for a gallon of regular is just a shade under $4.

The cost of crude oil dropped 10 percent to close out the week at about $97 per barrel. Lower crude oil prices will eventually drive down the cost of gas.

Tracy Noble with AAA Mid-Atlantic says don’t expect any dramatic changes right away.

“When we see prices start to increase at the pump, we are used to seeing one and two cent increases per day. It definitely will not come down that quickly.”

She says some experts believe we’ve seen the peak and that prices should come down even more as the summer goes on.

That’s good news for motorists who say they’re sick of using the bulk of their disposable income on gas.

“Life feels pinched and restricted. As gas prices come down, it frees up some possibilities of travel or doing other things,” said Noble.

Reported By Mike Dougherty, KYW Newsradio

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One Comment

  1. Michelle says:

    Guess we will have to wait and see what the gas price tomorrow will be. Up or down we have no control over it

  2. grumpy says:

    Why slowly? They sure rose rather “fastly’ huh?

  3. Peter Vivtor says:

    When gas prices go up. They go up 5, 7 or 10 cents a day.
    When they com down . Waht 1, 2 cents a week.
    Don’t hold youe breath, Memorial day week end is coming.
    Comoe to Upper Dublin and Ambler and see the prices , all over $ 4.00
    When is the goverment going after the gas Co. Ex’s. and stop giving them Credit.

  4. Spartacus says:

    Wow, I guess we should be happy paying only $4.00 a gallon. Drill, baby, drill!

    1. grumpy says:

      Spartacus: Why bother, they are capping wells in the Gulf of Mexico andclosing refineries?……….Go figure!

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